UMI is two years old already! Let’s reminisce a bit about the journey so far — and consider the prospects in DeFi, NFT and GameFi!

Dear friends, the first day of summer came unexpectedly, as usual, and brought with it something to celebrate — UMI’s birthday. Yes, as of today, June 1, our cryptocurrency is officially two years old.

Seems like only a few days ago, the first master nodes started supporting UMI and adding first transactions into it. And now, there are as many as 42.5 million. Notably also, a year ago, the number was just 8.5 million, which means that UMI is growing rapidly, despite all the ups and downs that we all had to go through — and were able to overcome!

For the last two years, we have witnessed explosive growth and active acceptance of UMI — as well as decreased activity among our users. However, this challenging time taught us a great lesson.

Together with you, we have decided to discontinue staking, due to the UMI inflation it results in, and choose a new development model: to create a large-scale UMI OneApp DeFi platform based on the UMI blockchain and integrate the crypto burning mechanisms. UMI OneApp allows us to confidently make our way into the DeFI, NFT and GameFi while also providing our users with a unique solution that will unify the top-tier blockchains, popular crypto assets and tools needed, all in one place.

We are making strides towards our shared goal, developing more and more advanced DeFi solutions within UMI OneApp. The UMI Jack game, the cross-chain and DEX exchanges, the multi-currency wallet, farming and staking — all these are already available and in demand with the members of our community.

All the while, we are constantly improving the existing solutions and working on new ones to make UMI and UMI OneApp even better. To give you just one example, there is some NFT functionality and an NFT marketplace in line for release soon. Also — and now we’re sharing secrets — we are already working on another UMI-based game, which we will tell more about at a later time.

Binance CEO Changpeng Zhao recently noted: “In bear markets, it is actually easier to spot the weak projects, and founders who are money driven instead of mission driven.”

We feel that the UMI ecosystem has long proven to all of the crypto world that it can withstand the crises and make it through tough times. As for our mission, it is, of course, to give you access to the best crypto solutions available on the market. We have always strived to create a truly decentralized ecosystem, and we are doing our very best to implement the plans we laid out.

To achieve the goals set, we have everything we need: an awesome team of developers, a hi-tech cryptocurrency, a loyal community — and the absolute certainty of success. We do believe that, as the range and number of UMI-based DeFI products grows, more and more crypto enthusiasts and regular people will become interested in our cryptocurrency, creating an even higher demand for it.

With that, we keep moving forward and making UMI even better, despite all the difficulties, be it past, present or future. We are certain that we will have even more reasons to be proud in a year’s time. And with your support, we are bound to succeed!

With love, as always, your UMI team!